Asia
King's Stone Forms Joint Venture for Energy Storage Investments
King's Stone (HKG:1943) agreed to establish a joint venture in Shenzhen with an independent investor, according to a Friday Hong Kong bourse filing.The joint venture will have registered capital of 10 million yuan, with the company holding an 80% stake and contributing 8 million yuan, while its partner will invest 2 million yuan for a 20% interest.The new entity will focus on technology development and investments across the energy storage value chain.Upon establishment, the venture will become a subsidiary of King's Stone.
HKG:1943
